News
UK motor insurers cough up for PPO
Insurers are seeing a steady rise in demand for periodic payment orders, backing the findings of the Institute and Faculty of Actuaries.
Chaucer resignations trigger double appointment
Board members at Chaucer Syndicates have announced two long-term appointments following the resignations of high-profile figures Bob Deutsch and Richard Scholes.
UK and Norway forge new energy agreement
The UK and Norway have signed an agreement affirming their commitment to cooperation on energy and climate issues.
Money Supermarket tops list of most 'visible' websites
Money Supermarket has been found to be the most visible online insurer in terms of top search engine positioning, according to the latest industry study carried out by Greenlight.
LV gets first S&P rating
Standard & Poor’s has assigned BBB+ ratings to LV and Highway insurance - the core operating entities of Liverpool Victoria Friendly Society.
Thai flood losses set to escalate - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including feelings of a “whiff of Katrina” among loss adjusters about the Thailand floods that have already inundated two industrial estates in Bangkok - affecting…
Labour front bencher admits concerns over Jack Straw's referral fee ban plan
The Labour Party is not wholly behind its minister Jack Straw’s proposal to ban referral fees it has emerged.
Wide ranging losses predicted following Turkish quake
Insured losses from the magnitude-7.2 earthquake in eastern Turkey could be anywhere between $55m and $170m, according to catastrophe modeling firm Air Worldwide.
IAG on track to meet FY12 guidance
Insurance Australia Group managing director and CEO, Mike Wilkins, advised shareholders at the company's annual general meeting that it was on track to deliver its results guidance for the 2012 financial year.
Ruling “sting in the tail” for insureds
Michael Frisby, partner in the dispute resolution team at law firm Stevens & Bolton has commented on a test case which has opened up the possibility of legal expenses policyholders choosing their own solicitors.
Ruling puts paid to ‘cash-cow’ legal expenses insurers
A test case in the High Court has opened up the possibility of legal expenses policyholders choosing their own solicitors.
Clayden and Egan land new Aviva roles
Dominic Clayden and Sean Egan have been handed new executive level positions at Aviva.
Muir calls for better motor insurance PR
Paul Muir, managing director of broker club One Answer Network, has called on motor insurers and brokers to be honest and open with the public to improve the industry’s image.
Dublin City activates emergency flood plan
A major emergency has been declared in the Irish capital Dublin after severe flooding hit the city.
Global insurers restricted in Ireland after downgrade
Allianz, Aviva and RSA Insurance have been restricted from providing cover for Irish state companies because Ireland has been demoted by credit rating agencies.
R&Q gets £30m bank takeover fund
Randall & Quilter has completed a £30m funding package with Clydesdale Bank Corporate and Structured Finance to fund future acquisitions.
Earthquakes call into question building code enforcement in Turkey
The Turkish government introduced new construction codes following the 1999 earthquake, but there are fears these may not have been enforced.
Chubb Europe makes UK & Ireland appointment
Chubb Insurance Company of Europe has appointed Jon Nottingham, sales and marketing manager UK & Ireland.
Turkish Catastrophe Insurance Pool only covers 7% of homes in earthquake zone
The Turkish Catastrophe Insurance Pool has low penetration in the Van region, which was hit by an earthquake this weekend, according to RMS.
Groupama sacks CEO Jean Azéma
Groupama has sacked its CEO Jean Azéma who has been blamed for the company’s credit rating downgrade.
Ellis Clowes makes senior appointment
Specialist Lloyds insurance broker, Ellis Clowes & Company, has hired Karen Woodley as commercial director of the group and board director of Ellis Clowes (commercial).
Willis sees double-digit organic growth in Eastern Europe for Q3
Willis has reported net income for the third quarter of 2011 of $60m with Eastern and continental Europe seeing organic growth.
Canadian EGI acquires controlling stake in Danish insurer
EGI Financial Holdings has acquired a controlling interest in QIC Holdings ApS, a Danish holding company with a wholly-owned subsidiary, Qudos Insurance, a newly-incorporated insurance company, based in Denmark.
Care homes group chooses Howden
The English Community Care Association (ECCA) has appointed Howden Insurance Brokers as preferred supplier of insurance services to its care home members.